Caris Life Sciences (CAI) Operating Expenses (2024 - 2026)
Caris Life Sciences (CAI) recorded quarterly Operating Expenses of $210.9 million in Q1 2026, up 3.14% quarter-over-quarter from $204.5 million in Q4 2025, and up 17.9% on a YoY basis from $178.9 million in Q1 2025.
Caris Life Sciences (CAI) Operating Expenses (2024 - 2026) Analysis & Trends
Caris Life Sciences' Operating Expenses history runs 3 years deep, the most recent figure standing at $210.9 million for Q1 2026.
- In Q1 2026, Operating Expenses rose 17.9% year-over-year to $210.9 million; the TTM figure through Mar 2026 stood at $798.9 million (up 18.3% YoY), while the FY2025 annual figure was $766.9 million, up 14.57% from the prior year.
- Operating Expenses was $210.9 million for Q1 2026 at Caris Life Sciences, up from $204.5 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $210.9 million in Q1 2026 to a low of $162.5 million in Q3 2024.
- Historically, Operating Expenses has averaged $184.3 million across 3 years, with a median of $181.5 million in 2025.
- Biggest YoY gain for Operating Expenses was 22.47% in 2025; the steepest drop was 13.37% in 2025.
- A 3-year view of Operating Expenses shows it stood at $167.0 million in 2024, then grew by 22.47% to $204.5 million in 2025, then increased by 3.14% to $210.9 million in 2026.
- The last three Operating Expenses figures came in at $210.9 million (Q1 2026), $204.5 million (Q4 2025), and $184.2 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Alterity Therapeutics | 925,601.88 Bn | 925,601.85 Bn | - | 4.33 Mn |
| 2 | Belite Bio | 58,560.00 Bn | 58,560.00 Bn | - | 32.68 Mn |
| 3 | Quantum Biopharma | 17,284.41 Bn | 17,284.40 Bn | - | 2.97 Mn |
| 4 | Legend Biotech | 2,809.00 Bn | 2,808.71 Bn | 242.10 Mn | -138.30 Mn |
| 5 | Evaxion A | 1,334.43 Bn | 1,334.42 Bn | - | -3.82 Mn |
| 6 | Akari Therapeutics | 1,312.27 Bn | 1,312.26 Bn | - | 15.76 Mn |
| 7 | Psyence Biomedical | 212.16 Bn | 212.16 Bn | - | 574,669.00 |
| 8 | Vertex Pharmaceuticals | 114.83 Bn | 107.58 Bn | 2.59 Bn | 1.85 Bn |
| 9 | Abivax | 91.96 Bn | 91.96 Bn | - | -67.40 Mn |
| 10 | Caris Life Sciences | 5.22 Bn | 4.40 Bn | 171.13 Mn | 210.89 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 210.89 Mn |
| Dec 31, 2025 | 204.48 Mn |
| Sep 30, 2025 | 184.19 Mn |
| Jun 30, 2025 | 199.39 Mn |
| Mar 31, 2025 | 178.87 Mn |
| Dec 31, 2024 | 166.96 Mn |
| Sep 30, 2024 | 162.46 Mn |
| Jun 30, 2024 | 167.06 Mn |